LD AdityaBirla 2 last BCM35

Written by: Pti
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During the quarter under review, Aditya Birla Financial Services (ABFS) business posted revenue of Rs 1,460crore.

The total premium income of Birla Sun Life Insurance(BSLI) de-grew by 16 per cent in Q3 FY 11 as compared to thesame period a year-ago.

"This de-growth was a result of the subdued ULIPsales, which were impacted post the new IRDA guidelines.

However, non-ULIP sales were encouraging and contributed 38per cent of new business," Jain said.

The total Average Assets Under Management (AAUM) ofBirla Sun Life Asset Management (BSAMC) stood at Rs 61,532crore.

Aditya Birla Finance (ABFL) disbursed loans of aroundRs 4,700 crore towards IPO funding during the quarter.

Even as its manufacturing business reported a 25 percent in rise in sales in Q3 FY 11 at Rs 1,231 crore from Rs987 crore in the same period in FY 10, an increase in inputand fuel costs resulted in a dip its EBITDA numbers.

"Increase in fuel prices, coupled with a steep rise ininput costs, resulted in a dip in EBITDA in agri-business,carbon black and rayon segments. Going forward, to increasemargins across the manufacturing business, we plan to pass onthe rise in input and fuel costs to consumers," Jain said. PTIPSK JJ RSY

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